On June 29, XPeng Group-W rose 3.51% in regular trading, trading at HK$47.88/share, with turnover of HK$251 million. The stock rebounded alongside the broader HK-listed auto sector after consecutive sessions of sharp declines.

On the news front, the United Nations World Forum for Harmonization of Vehicle Regulations recently voted to pass the world's first autonomous driving technology regulation, expected to become mandatory in the EU by year-end. XPeng Chairman He Xiaopeng stated that VLA 2.0 going global has entered a confirmed trajectory, with autonomous driving legally entering global markets by year-end. The HK auto sector rallied broadly, with NIO up over 3%, and Leapmotor and Geely also gaining.

The rebound follows a period of significant sector weakness driven by declining domestic auto sales and Goldman Sachs downgrading passenger vehicle volume forecasts. XPeng itself reported a Q1 net loss of RMB 1.784 billion with deliveries down 33.3% year-over-year, though its gross margin remained elevated at 20.6%.

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